Technical Summary: For most of the last 5 years the stock of THL has moved confidently and consistently higher in a smooth uptrend. This was until the middle of 2018 when the trend ran out of steam and the stock peaked right below $7 per share. Now you can say that the stock is in a confirmed downtrend and has made a series of lower lows. The pullback has moved from what initially looked
like a dip to a wider downtrend. For this reason it makes it a difficult buy because you will be swimming against the trend. Traders should wait for the stock to show signs of bottoming out (consolidation) before adding it back to the buylist.
